The Idea That a Bankruptcy Is Deemed to Have Commenced

question 57

Multiple Choice

The idea that a bankruptcy is deemed to have commenced on the date of the first Act of bankruptcy within the 6 months prior to the presentation of the creditors petition is a statement of the doctrine of:

• A)Relation back.
• B)Sequestration.
• C)Voidable transactions.
• D)Unfair preferences.

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Definitions:

Persistence

The sustained effort and determination to achieve goals despite obstacles, difficulties, or discouragement.

Effort

The amount of physical or mental energy exerted towards achieving a task, goal, or objective.

Direction

Guidance or instructions on how to perform a task or reach a destination.

Intrinsic Motivation

The drive to engage in an activity for its own sake and personal rewards, rather than for some separable consequence or reward.